Nobel Peace Laureate - Muhammad Yunus

BANGLADESHI Nobel Peace laureate Muhammad Yunus said yesterday he would donate his share of the $1.8 million prize money.

Mr Yunus said he would use his share to fund a project to produce cheap, nutritious food for the poor, an eye hospital, a drinking water project and a health-care scheme. "I will donate all my money to these enterprises," he said.

"These will be purely social business enterprises - not-for-profit organisations."

The French food giant Danone and Mr Yunus's Grameen Bank said this year they would work together to produce food to provide nutrition to millions of poor people.